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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of October 2019 about 3% of the total condo market is up for sale (roughly 350 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in summer of this year. The next new condo building will be completed some time after 2022, as it has not started yet.
For sale inventory will begin to shrink as we get into the Spring of 2020 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are at historic lows and the nations economy (GDP) and stock market are also trending up although erratically.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Come fall in love with this fabulous northwest corner beauty on the 32nd floor of Electra! Offering blue water views of the Bay and ocean as well as active city views, th...
- 2 Beds
- 2 Baths
- 190065153 MLS
- Electra Bldg.
- ACTIVE Status
Rarely Available! WEST facing unit with a wall of windows from the floor to high ceilings for enjoying stunning views of the bay, ocean & city skyline. Beautifully upgrad...
- 1 Baths
- 190065128 MLS
- Smart Corner Bldg.
- ACTIVE Status
None
- 1 Beds
- 1 Baths
- 190065104 MLS
- Diamond Terrace Bldg.
- ACTIVE Status
There are times in life when luxury and breathtaking views are called for and this is the place where you can bask in both all year round. On the 32nd floor of The Grande...
- 2 Beds
- 2 Baths
- 190065063 MLS
- Grande North Bldg.
- ACTIVE Status
Parkloft is a prime location just three blocks from the Gaslamp Quarter, 1 block from Petco Park, and 6 blocks from the Marina District. Enjoy the hardwood floors, Europe...
- 1 Beds
- 1 Baths
- 190065025 MLS
- Parkloft Bldg.
- ACTIVE Status
In the heart of Little Italy, live the ultimate urban lifestyle with an abundance of trendy bars, chic boutiques, swanky restaurants all within blocks. Relax and unwind ...
- 2 Beds
- 2 Baths
- 190065013 MLS
- Porto Siena Bldg.
- ACTIVE Status
Fantastic opportunity to own a walkup in Acqua Vista in Little Italy. No need to go through the front door of the building if you don't want to. Quartz and granite count...
- 2 Beds
- 2 Baths
- 190065011 MLS
- Acqua Vista Bldg.
- ACTIVE Status
One of the Finest residential towers in San Diego, the Grande South offers an Unparalleled level of Service, Elegance, & Sophistication. Residence 501 features a Desirabl...
- 2 Beds
- 2 Baths
- 190064988 MLS
- Grande South Bldg.
- ACTIVE Status
Enjoy the Downtown living you deserve without having to give up the feel of a home & space! This unique Union Square penthouse offers a rare 3 bedrooms, 2 baths, plus a s...
- 3 Beds
- 2 Baths
- 190064969 MLS
- Union Square Bldg.
- ACTIVE Status
1BD/1BA Union Square condo is nestled in Downtown's East Village. East facing light & bright condo features an open bedroom & living space floor-plan. Spacious bathroom. ...
- 1 Beds
- 1 Baths
- 190064950 MLS
- Union Square Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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